iShares 7-10 Year Treasury Bond ETF $IEF Stock Position Boosted by Focus Financial Network Inc.

Focus Financial Network Inc. raised its position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 9.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 443,067 shares of the exchange traded fund’s stock after purchasing an additional 37,276 shares during the quarter. iShares 7-10 Year Treasury Bond ETF accounts for approximately 1.2% of Focus Financial Network Inc.’s holdings, making the stock its 14th largest holding. Focus Financial Network Inc. owned 0.10% of iShares 7-10 Year Treasury Bond ETF worth $39,570,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Van ECK Associates Corp boosted its position in shares of iShares 7-10 Year Treasury Bond ETF by 12.5% during the second quarter. Van ECK Associates Corp now owns 1,019 shares of the exchange traded fund’s stock worth $96,000 after buying an additional 113 shares during the period. Wetzel Investment Advisors Inc. grew its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 5.2% during the third quarter. Wetzel Investment Advisors Inc. now owns 2,371 shares of the exchange traded fund’s stock worth $212,000 after buying an additional 118 shares in the last quarter. CX Institutional raised its position in iShares 7-10 Year Treasury Bond ETF by 36.7% in the 3rd quarter. CX Institutional now owns 469 shares of the exchange traded fund’s stock valued at $42,000 after buying an additional 126 shares during the last quarter. KPP Advisory Services LLC raised its position in iShares 7-10 Year Treasury Bond ETF by 4.5% in the 1st quarter. KPP Advisory Services LLC now owns 3,207 shares of the exchange traded fund’s stock valued at $306,000 after buying an additional 138 shares during the last quarter. Finally, Dogwood Wealth Management LLC lifted its stake in iShares 7-10 Year Treasury Bond ETF by 8.4% in the 2nd quarter. Dogwood Wealth Management LLC now owns 1,866 shares of the exchange traded fund’s stock valued at $176,000 after acquiring an additional 144 shares in the last quarter. Institutional investors and hedge funds own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Stock Up 0.1%

NASDAQ:IEF opened at $89.54 on Wednesday. iShares 7-10 Year Treasury Bond ETF has a twelve month low of $88.64 and a twelve month high of $98.04. The business has a 50 day moving average price of $91.47 and a two-hundred day moving average price of $93.33. The company has a market cap of $41.34 billion, a P/E ratio of -22.00 and a beta of 0.26.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, October 6th. Stockholders of record on Thursday, October 1st were issued a $0.3069 dividend. This represents a $3.68 dividend on an annualized basis and a dividend yield of 4.1%. This is a drop from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.3320. The ex-dividend date was Thursday, October 1st.

About iShares 7-10 Year Treasury Bond ETF

iShares 7-10 Year Treasury Bond ETF (the Fund) is an is an exchange-traded fund. The Fund seeks to track the investment results of an index composed of the United States Treasury bonds with remaining maturities between seven and ten years. The Fund seeks to track the investment results of the Barclays U.S. 7-10 Year Treasury Bond Index (the Underlying Index), which measures the performance of public obligations of the United States Treasury that have a remaining maturity of greater than or equal to seven years and less than ten years.